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MTJ3T THE MASSES STARVE?
What la to Be the Outooma of the Pie
ent Financial Condition?
What ia to be the outcome of the prea
ent financial condition? Ia it possible
that we have reached a point where the
masses must starve because there is too
much to eat, to go olad in raja because
there is too much clothing, cold because
there is too much fuel, and houseless be
cause there are too many houses?
Paradoxical as this may seem, without
a wise solution of the fiaancial question
this would seem apparently true. I have
been acquainted with the condition of
the masses and connected with organiza
Uons for forty five years, but never at
any time have I seen bo many nnem
ployed and looking for work in vain.
Manufactories are closing down, mer
chants cannot maka collections, and
every day adds to the gloom of the day
preceding. We hear the question asked
a hundred times a day, what is the cause
of the p'esent condition? The answer
comes almost invariably the si me a laok
of confidence. This is fy often said that
a large proportion of the people have
come to believe it. It is not confidence
that is needed; it is money. Confidence
will not pay debts. Confidence will not
feed the hungry, nor clothe the naked,
nor house the homeless. Bat money
will The cause of the deep depression
now around t.s does not arise from pro
duction or our ability to produce, but it
does arise from a wickedly conceived
conspiracy to rob the toilers and turn
them over, bound hand and foot, to the
tender mercies of the Shylocks of the
world. The apparent struggle for the so-
called gold standard is not real, but is put
forward to deceive and blind the people.
From the best authority in Europe and
America, 05 to 98 percent, of all business
is and must be done with credit. The
real fight of the money-changer is to ob
tain permission to issue and control
the credits, and through such iaaae to
control the rates of interest and volume
of money that is used by mankind. The
amount collected at present in interest
from the producing olasses in the United
States alone, according to the best ob
tainable authority, ia over $2,000,000,000
annually. Taking the figures given by
the silver commission, and deducting
therefrom $1,000,000,000 on the national
debt, and adding the mortgage on farms
arJ homes, at the average rate pr cent.,
and it will require the labor of 7,000,000
men, working every day in the year, at a
dollar a day, to pay the present amount
of interest paid. Now. it is safe to say
that confidence will not pay this interest.
Labor, and the products of labor, ex
pressed in dollars alone can pay this
debt. The question is, who shall create
and issue these dollars, and to whom does
the profit of their use belong. It ia a
well known fact that to create and issue
money is an attribute alone of sovereign
power. It is also a fact that the credit
of the whole is equal to the combined
credit of all its parts. It being then a
fact that business must be done with
credit, for the precious metals combined
can do but a small portion of it, neither
can they be a safe basis for such credit, it
is therefore safe and wise to use that
basis which is abundant and immovable.
Let the land be the basu of credit, and
we have a basis that is indestructible,and
no longer a pyramid standing on its apex.
Money, whether made of metal or paper,
ia created by the authority of the sov
ereign power of the people, and being
created by their authority and for their
nse,the interest paid ought,of justice and
right,to go back into the public treasury,
and not to the banker or broker. This
bdcg tree, congress has no moral right:
to grant to bmkiog corporations or syndi
cates the power to issue anything to be
used s money within the limits of its
Let the government issue its own legal
tender, based on the land, never more
than 50 per cent of its valuation, tbe rate
of interest paid the government never
more than 3 per cent, per annum, which
is the limit of increase of land produc
tion. Confidence will be immediately
restored; panics and "Black Fridays''
will be things of the past; unemployed i
labor will be a thing unknown; and we ;
immediately donble the market for our
own production. Tbe interest thus paid j
the government for the ca of the money
issued will render in a very short time
the tax gatherer unnecessary. Then will
come to pass that whioh Christ said to
the Pharisees. "Render unto Camrthe
things that are Caesar's" and unto the ,
people that whioh is the people's. By
this means we liberate the precious
metals from paying debts within our own
jurisdiction,leaving them free to pay bal
ances due foreign nations according to
their commercial value, and thereby
liberate ourselves from the "entangling
alliances" with European money powers,
making us independent of their domi
nation. This, carried into practical effect,
would very soon make us largely the
receptacle of the precious metals of the
world. The system of obtaining gold in
the past from other nations, has been
fraught with danger and widespread dis
tress to the producing classes. The peo
ple have been falsely taught to look upon
gold as the wealth of the world, while it
famishes little or none of the creature
comforts to mankind. Wnenever a nation
has by any means been practically de
pleted of its gold there are but two ways
by which it can be restored, and both
are disastrous. Oae is by itsiing bonds,
which increases the amount of indebted
ness and lessens the ability to pay. The
other is to undersell foreign nations in
their own markets, and thereby lessen
the reward of the producer at home.
R. F. Trevellick in National View, De
cember 80, 1893.
Boat Way to Prevent Corruption.
Editor Advocate: In your issue of
Dace mb-r 27, "A Linn County Farmer"
denounce the depiora'a corruption
and venality that has taken ho dot all
the departments of the government and
as a remedy proposes the enactment of
stringent laws agiiast oflbial and legis
lative wrongdoing. While such legisla
tion might be benefioial it would only be
so as a palliative or deterent and could
never work a cure.
When we punish vagrant and crimi
nal we do not remove the causes that
have brought about their off laee; only
by a thorough re organization of society
can we get rid of the trump. Just so
with our mercenary officials and venal
It is the system that is at fault We
should strain every nerve to bring about
direct legislation through the initiative
aad referendum, and by this one great
and fundamental reform would accom
plish more than by a thousand statutes
on bribery and corruption.
Populists in Colorado are fully satis
fied with last fairs election, with possibly
the exception of Denver, where ill ad
vised fusion ruined promising ohances of
success. Here In the west we have swept
everything, and the put) 'a nominee for
congress next fall is sure of election.
Ottbt Vos Haoxn.
Ridgway, Colo., January 4, 1894.
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